Gary Schools gets just 1 bid for shuttered school properties

Indiana State News

Aug 2, 2018

GARY, Ind. (AP) — The emergency manager who oversees the financially struggling Gary school district says only one of 33 shuttered schools has received an offer after being put up for sale.
The (Northwest Indiana) Times reports that the city of Gary bid $100,000 for the Benjamin Franklin Elementary School property.
Gary Community Schools Corp. Emergency Manager Peggy Hinckley says the only offer made during the initial round of bidding was about $1.3 million less than the initial asking price.
Hinckley says no decision has been made on whether to accept the city’s low bid. She says the district isn’t in an emergency timeline and will “let the process play out.” A second bidding phase will end Aug. 24.
The city hopes to use the property as part of a multi-use development and affordable housing in the area.